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What is identity theft?

Identity theft is when someone without your permission fraudulently receives and uses your sensitive information.

Is identity theft a criminal offence?

Identity theft is a serious criminal

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

offence. When someone commits an identity theft by using your name and credit record it may take you months, even years clearing up the confusion. Clearing up an identity theft may prove to be very expensive. The chances ar

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

while repairing the mess due to the identity theft, you may lose your job, or lose out on job options, your home and car loans may be turned down and even education loans may be rejected. You may also be arrested for crime

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

committed by someone else using your identity.

What exactly is stolen in an identity theft?

In an identity theft the thieves fraudulently obtain your name, address, phone numbers, bank and credit card account numbers, dr

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

ver’s license and social security number (SSN).

How is identity theft committed?

Persons committing identity theft are very resourceful and get information from different sources. One very simple way is by stealing wallet

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

and purses carrying identification and credit cards or by stealing personal information from your home directly. Identity theft may be carried out by persons pretending to be an employer, landlord or any other person who h

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ave legal right to your personal information. Identity theft perpetrators may steal records from employers, or bribe an employee having access to the records or even hacking into organization’s computers.

Another identity

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

heft method is by going through your personal or business trash. This is known as “dumpster diving”. Identity theft may be carried out by someone abusing the employer’s trust and accessing credit report information.

Person

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

l information can be obtained by stealing credit and debit card numbers by skimming through the special information storage device that processes these cards. Identity

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

theft is committed by stealing your mail that contain your bank and credit card statements, pre-approved credit offers, tax information or new checks. Diverting your mail to another address by filling out a “change of addre

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

s form” is another way of committing identity theft. Your personal information can be obtained by someone falsely posing as a business person or government official, carrying false identities or papers.

How do they use the

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

information after an identity theft?

After an identity theft the perpetrators can use your credit and debit numbers to make large purchases like computers, televisions, etc. that can be sold later. Persons committing iden

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

ity theft can make counterfeit checks and debit cards and use up your bank account or open a bank account in your name and write bad checks. The identity thieves can file for bankruptcy under your name to skip paying the de

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

ts they have incurred and also use the information to avoid eviction.

Identity theft can be utilized to open a new credit account using all your personal information like name, date of bills, SSN and any non-payment of bil

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

s is then reflected on your credit report. Identity theft can be used to get an auto loan in your name, establish phone on wireless service in your name. Identity theft perpetrators can change the mailing address on your cr

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

dit card account and keep charging your account. You will not be aware of this for sometime as these bills will go to the new address. Another serious consequence of identity theft is when your name is given to the police b

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

y the identity thieves, and on release when they do not show up at the court, an arrest warrant will be issued in your name. This leads you into serious trouble.

How do you identify yourself a prey to an identity theft?

Y

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

u should always be up to date with all your financial records and dealings and be careful with your personal information. Identity theft can be found out by checking on unexplained charges and withdrawals from your account.

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

You can tell an identity theft if you receive calls from debt collectors or companies asking for payments on goods or services not purchased by you. You can tell you are a victim of identity theft when you receive credit ca

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ds you did not apply for and also when your credit application is rejected without any cause. Any mail indicating your change of address or not receiving any mail on your correct address will show a cause for identity theft

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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